Active manganese miners in Zambia
A significant amount of Zambia’s manganese is extracted by small-scale and privately held firms. However, two ASX-listed companies are currently involved in the Zambian manganese business. Here’s a look at their operations.
Kaboko Mining (ASX:KAB) is focused on exploring for and developing manganese in Zambia. Its assets in the country consist of a 51-percent interest in five large-scale prospecting licenses and three small-scale licenses covering over 2,700 square kilometers, according to the company’s website. Kaboko continues to conduct further exploration to define manganese resources on these holdings.
On April 3, the company announced the acquisition of a processing plant to crush and process the ore from its Northern Zambian manganese project at Mansa. Kaboko is now developing a mine plan for the project, with a scoping study expected to be completed early in the current quarter. It will then undertake a 24-hole drilling program with the goal of extending the current mineralization. After that, the company aims to produce a JORC-compliant resource estimate.
The project will have an initial run rate of 5,000 MT per month, starting in the third quarter of 2013, according to a March 12 Proactive Investors article. That will increase to 10,000 MT per month by the end of the year.
The project is backed by a $10-million prepayment debt facility and manganese offtake agreement with Noble Group (SGX:N21)
http://manganeseinvestingnews.com/2980/zambia-manganese-production-africa-illegal-mining-zamanco-kaboko/
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